-The former chief executive of South Africa's fixed-line phone company Telkom received shares worth 3.7 million rand when he resigned at the end of last month, the company said last Monday. Telkom said in a statement the company had accelerated to August 31 the vesting date for share options held by Sizwe Nxasana, who quit the state-controlled firm to pursue other interests. Based on the Telkom closing price on August 31, the shares - which had been conditional on certain individual and company targets - are valued at 3.74 million rand, the firm said. Telkom named Transnet executive Papi Molotsane as its new CEO last month with a mandate to spur profit growth despite competition as the market deregulates.
-The founding president and chief executive officer of pioneer Nigerian wired line private telecommunications operator, Mobitel Limited, Mr. Charles Joseph was on Wednesday found dead in his office in Lagos, his head battered. Joseph was aged 58 years. Joseph had resigned from his position as the chief executive of Mobitel last week. His resignation was expected to be ratified by the board of directors who were scheduled to meet 2.00pm on Wednesday before the incident occurred. Minister for Communications, Chief Cornelius Adebayo, said he received the news with shock. He said he remembered vividly the last function he attended with the deceased a few weeks ago. According to him, "late Charles Joseph has always played a positive role in the development of the telecoms industry in Nigeria." Adebayo said the late Mobitel president helped develop ATCON, the organisation he joined others in putting together. He described him as a humble individual and hoped that "the organisation will still be run the way he was doing it in his lifetime. His death was a rude shock to the industry."
* Philippe Luxcey has replaced Jean-Paul Gandet as D-G of Orange Cameroon. Gandet leaves after six years in the post. Luxcey has relevant experience, having been Orange's Vice President for Client Marketing and Operational Support in Emerging Markets. He was also responsible for the marketing launch of Orange's subsidiary in Cote d'Ivoire.